Philadelphia Fed President Harker Speaks About Fed’s Actions, Commitment to Inclusion
In remarks to the Chamber of Commerce for Greater Philadelphia, Philadelphia Fed President Patrick T. Harker presented his economic outlook and discussed the Fed’s actions in response to COVID-19. He also spoke about the Fed’s commitment to inclusion.
The coronavirus pandemic presents unprecedented challenges for people across the Third District, the U.S., and the world. This is a global health crisis, and health-care providers and public health experts are on the frontlines, saving lives, which is the highest priority. The Federal Reserve System is doing its part by taking actions necessary to support the financial health of households and businesses disrupted by the pandemic. Here at the Philadelphia Fed, we are continuing to protect and support the financial system, conducting outreach with banks and community stakeholders, collecting data to understand the impact on our regional economy, creating new knowledge through research to inform policymakers, shedding light on the impact of the pandemic on vulnerable communities, and much more.
Below are links to information, resources, and research related to COVID-19. We invite you to check back often for updates as new information becomes available.
Consumer Finance Institute
This report updates job loss and financial security data collected during the second wave of CFI’s national survey of consumers, including new data relating to the receipt and use of the Coronavirus Aid, Relief, and Security (CARES) Act’s EIP (Economic Impact Payment) and results segmented by respondent race/ethnicity.
This report shares results from a national survey of consumers investigating COVID-19 impacts on job status, income, and personal financial security.
Banking & Supervision
Research for Equity in Recovery
Cohosted by the Philadelphia Fed, the Upjohn Institute, and the Penn Institute for Urban Research, this webinar series focuses on most up-to-date research and best practices in the field on how to promote a strong and equitable recovery from the pandemic.
Messages from President Harker